I do not think you should compare MSFT with IBM and Sony, they are in a completely different business environment, so the PE given by the street will be different. If the PC business continues to grow , and which I believe so, MSFT will
surely grow, but not necessary for IBM. Because IBM has more competitors than MSFT in their respective business. So, with a PE of 60 , it is acceptable for MSFT, but not IBM or DELL !!!!!!!!!!!!!!!!!!!! I wish you good luck to short MSFT at this point, especially when WIN98 is ready to be released, and NT is on its way, and CE is growing fast , and Japan , Asia is due to recover at the end of 1998, Europe is OK, and US is healthy , China is continuing growing !!!! |
